Belgium has published guidance to clarify the application of certain support measures introduced by the Law of 15 July on urgent tax measures due to the COVID-19 pandemic, which was published in the Official Gazette on 23 July 2020.
One of the main measures is a temporary increase in the standard investment deduction (déduction pour investissement - DPI) rate to 25%. A notice dated 7 August 2020 clarifies:
- The DPI rate is increased to 25% for new fixed assets, directly linked to economic…